A. Edvard Engesaeth

Cofounder @nurxapp - MD - Greek/Norwegian - With technology, goodness will prevail

[Big Brain Business @BigBrainBizness]

Michael Seibel, Managing Director at Y Combinator, on why shipping a crappy product in under a month beats building a perfect one for a year:

Michael starts with a simple challenge:

"Do you remember the day Snapchat launched? Do you remember the day Instagram launched? Do you remember the day that WhatsApp launched? Remember the day that Uber or Lyft launched? Most likely you don't."

His point cuts against how most founders think about launch day:

"It turns out that launching is nowhere near as significant event to your users as it is to you. So, you should move up the launch as soon as possible."

The reason comes down to validation.

"Until you can get your product in front of customers, you can't validate whether it solves their problem. And so, it's much better to build a crappier product, release it sooner, and get it out there in front of customers, see if they want to use it."

@mwseibel acknowledges the approach isn't universal:

"There's some exceptions. In some extremely regulated markets like banking, for example, or lending, it's just really hard to launch. You actually have to get one s*** done before you're even allowed to get customers."

But for most founders, the bar is far lower than they think:

"In most consumer and B2B startups that we encounter, it's actually possible to get some form of MVP built and launched in less than a month. And so, that's what you should be thinking about."

[immad @immad]

1/ Today @Mercury received conditional approval from the OCC to establish Mercury Bank, N.A.

I started Mercury in 2017 to build the bank I wish had existed as a founder. Nearly a decade later, we’re getting there.

🧵

[Dan Shipper 📧 @danshipper]

so, we raised some money for @every!

$2m from @reidhoffman, @startinglinevc, and Will England from Walleye Capital

[A. Edvard Engesaeth @edvardenge]

@accelmed @usv @AbridgeHQ @nurxapp @Figure1 We are so grateful to have been working with you Zen!

[immad @immad]

1/ Doing startups is hard! @mercury is my fourth startup, my first two startups failed and I continuously faced roadblocks along my startup journey.

That’s why I’m excited to introduce the new Mercury Raise: one platform to help founders fundraise, network, and get answers.

[Kjetil Holmefjord @kjetil1]

Massive congrats to @striseai for successfully raising a $10.8m Series A round led by our friends at @atomico (with continued backing from @sondocapital and others)!

@MaritRodevand , @SigveS, Patrick, and the rest of the team have built an amazing product that makes life easier for leading institutions both in and outside Norway - very excited about what's ahead!
https://t.co/YqVVk6iiaB

[Kjetil Holmefjord @kjetil1]

Very excited to announce not one but two subsequent investments in @BerreEirik, @FFrikk, @JensSeip, and the rest of team @curipodofficial! These guys are serious about changing education, and teachers all over the world are taking notice. Here we go!

https://t.co/QXJbF8hC6L

[A. Edvard Engesaeth @edvardenge]

@henrikt @Hatlebrekke @sondocapital @kjetil1 @AlexanderWoxen @elisabethmm1 Couldn’t be more excited to be with you on this journey!

[Sam Altman @sama]

here is an alternative path for society: ignore the culture war. ignore the attention war. make safe agi. make fusion. make people smarter and healthier. make 20 other things of that magnitude.

start radical growth, inclusivity, and optimism.

expand throughout the universe.

[A. Edvard Engesaeth @edvardenge]

@immad Dont sleep during the day, melatonin sublingual 30mins before bed and a slow release pill to make sure you stay asleep. When i wake up I stare into the sun, or bright light for a bit. First few days are hard but just power through.

[A. Edvard Engesaeth @edvardenge]

@elamadej @temple2023 Happy bday!!

[✶ ela ✶ @elamadej]

Today is my birthday!

This has been the best year of my life and I feel like I'm on a very special quest.

I would make my day if you could RT this so your burner friends know that we're trying to hit the @temple2023 stretch fundraising goals and just focus on building!

[✶ ela ✶ @elamadej]

It’s hard for me to ask for support.

But today:

If you’ve been to Burning Man, you know how special the temple is. ~250 volunteers build her so we can be more human, feel deeper, process grief. RT & consider backing and sharing the Temple of the Heart's Kickstarter. 🙏❤️👇

[Michael Seibel @mwseibel]

Backstop SVB depositors to protect the world's startups: https://t.co/Xjkxc0IFRv

[Sam Altman @sama]

ugh fine here is my SVB thread:

TL;DR: at this point, to be certain of avoiding catastrophe, the FDIC needs to temporarily guarantee all deposits. other solutions might work, but this is the best one.

[David Sacks @DavidSacks]

I’m not asking for a bailout. I’m asking for banking regulators to ensure the integrity of the system. Either deposits in the US are safe or they’re not. If not, look out below. We have a very big problem on our hands.

[Chris Buskirk e/acc @thechrisbuskirk]

This is exactly right.

Should execs of SVB pay a price for bad business decisions? Yes

Should SVB shareholders? Yes

Should SVB bond holders? Yes

Should the regulators who approved so much risk concentration on SVB’s b/s? Yes

Should depositors? No

Do we want more bank runs on Monday? Definitely no.

[Soner Cagaptay @SonerCagaptay]

European countries by percentages, who say “most people can be trusted”

[immad @immad]

My nightmare in life is to build a successful company that becomes lame.

@pravse wrote an incredible post on problems at Google.

Some high level notes:

1.Not customer focus but process/“scale” focused
2.Stated culture+mission does not match what employees do
3.Risk mitigation above innovation
4.Lack of ambition to change things and improve the world
5.Working hard is frowned upon
6.Ego+exceptionalism around being Googley makes them resistance to different ideas
7.Pushing back or fighting for change is frowned upon
8.Promotions are given on right level definitions that are not related to impact or customers
9.Planning system that involves 1 month of planning every 6 months
10.Bad hiring of middle managers and directors leading to a lot of B players and a lot of hierarchy
https://t.co/Q4x6P4knD8 level / VPs make all the decisions but are ill-informed
12.Unwilling to change decades old dogmas. Like thinking Google tech stack is the best

https://t.co/kAegWZ7lTJ

[Dr. Daniel Grossman @DrDGrossman]

Hi @MikeKellyPA, I’m a professor of Ob/Gyn at @UCSF, an abortion provider, and researcher at @ANSIRH.

Unsurprisingly, you got a few things wrong in this tweet that I’d like to clarify. Do you mind if I outline them for you? Facts are critical when discussing medical treatments.